According to a new study by the National Community Reinvestment Coalition, Black and Hispanic men seeking small business loans face more scrutiny and worse treatment from bank officers than less qualified white men.
- What were the declines in government-backed lending to black business owners from 2008 to 2016?
- According to the study, what type of preferential treatment did white prospective borrowers receive?
- Which group was the only one that asked about their education level?
- According to the article, banks need better policies and training with respect to what area of lending?
Jan, T. (2019) Banking while black: Minority business owners with better credit scores than white counterparts face worse treatment and more scrutiny. The Washington Post, Sep. 6 (Retrievable online at https://www.washingtonpost.com/business/2019/09/06/banking-while-black-minority-business-owners-with-better-credit-scores-than-white-counterparts-face-worse-treatment-more-scrutiny/)